Advanced Micro Devices, Inc. (NASDAQ:AMD) Receives Consensus Rating of "Moderate Buy" from Brokerages

Key Points

• Advanced Micro Devices, Inc. has received a consensus rating of “Moderate Buy” from thirty-eight brokerages, with a projected average price target of $180.12.
• Recent analyst reports have seen substantial increases in price targets, with Piper Sandler and Barclays raising theirs to as high as $200.00.
• Advanced Micro Devices reported a quarterly revenue of $7.69 billion, exceeding analyst expectations, although its earnings per share fell short of estimates.

Advanced Micro Devices, Inc. (NASDAQ:AMD - Get Free Report) has been assigned an average recommendation of "Moderate Buy" from the thirty-eight brokerages that are presently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, twelve have issued a hold recommendation, twenty-one have given a buy recommendation and four have issued a strong buy recommendation on the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $180.1212.

AMD has been the topic of a number of recent analyst reports. Piper Sandler boosted their price target on Advanced Micro Devices from $140.00 to $190.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 6th. Barclays upped their target price on Advanced Micro Devices from $130.00 to $200.00 and gave the company an "overweight" rating in a research report on Wednesday, August 6th. Stifel Nicolaus upped their target price on Advanced Micro Devices from $161.00 to $190.00 and gave the company a "buy" rating in a research report on Wednesday, August 6th. Raymond James Financial upped their target price on Advanced Micro Devices from $120.00 to $200.00 and gave the company an "outperform" rating in a research report on Wednesday, August 6th. Finally, Hsbc Global Res raised Advanced Micro Devices from a "hold" rating to a "strong-buy" rating in a research report on Thursday, July 10th.

Insider Activity at Advanced Micro Devices

In other news, EVP Mark D. Papermaster sold 17,998 shares of the company's stock in a transaction that occurred on Tuesday, July 15th. The stock was sold at an average price of $155.03, for a total value of $2,790,229.94. Following the transaction, the executive vice president owned 1,713,710 shares of the company's stock, valued at approximately $265,676,461.30. This represents a 1.04% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Paul Darren Grasby sold 10,000 shares of the company's stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $173.21, for a total value of $1,732,100.00. Following the completion of the transaction, the executive vice president directly owned 125,505 shares in the company, valued at $21,738,721.05. The trade was a 7.38% decrease in their position. The disclosure for this sale can be found here. 0.06% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Advanced Micro Devices

Several institutional investors have recently made changes to their positions in the stock. Cornerstone Advisory LLC lifted its holdings in shares of Advanced Micro Devices by 1.4% during the 2nd quarter. Cornerstone Advisory LLC now owns 4,271 shares of the semiconductor manufacturer's stock worth $606,000 after acquiring an additional 57 shares during the last quarter. King Wealth Management Group increased its position in shares of Advanced Micro Devices by 2.1% in the second quarter. King Wealth Management Group now owns 3,017 shares of the semiconductor manufacturer's stock valued at $428,000 after acquiring an additional 62 shares during the period. Synergy Financial Group LTD increased its position in shares of Advanced Micro Devices by 2.0% in the second quarter. Synergy Financial Group LTD now owns 3,309 shares of the semiconductor manufacturer's stock valued at $470,000 after acquiring an additional 64 shares during the period. Tortoise Investment Management LLC increased its position in shares of Advanced Micro Devices by 14.8% during the second quarter. Tortoise Investment Management LLC now owns 503 shares of the semiconductor manufacturer's stock valued at $71,000 after buying an additional 65 shares during the period. Finally, Tritonpoint Wealth LLC increased its position in shares of Advanced Micro Devices by 2.6% during the second quarter. Tritonpoint Wealth LLC now owns 2,857 shares of the semiconductor manufacturer's stock valued at $405,000 after buying an additional 72 shares during the period. 71.34% of the stock is currently owned by institutional investors.

Advanced Micro Devices Price Performance

Shares of NASDAQ AMD opened at $167.76 on Monday. The business's 50 day moving average price is $155.48 and its two-hundred day moving average price is $122.16. The company has a market cap of $272.25 billion, a PE ratio of 96.41, a price-to-earnings-growth ratio of 1.98 and a beta of 1.94. The company has a quick ratio of 1.81, a current ratio of 2.49 and a debt-to-equity ratio of 0.05. Advanced Micro Devices has a twelve month low of $76.48 and a twelve month high of $186.65.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last announced its quarterly earnings results on Tuesday, August 5th. The semiconductor manufacturer reported $0.48 earnings per share for the quarter, missing analysts' consensus estimates of $0.54 by ($0.06). The business had revenue of $7.69 billion for the quarter, compared to analyst estimates of $7.41 billion. Advanced Micro Devices had a return on equity of 7.54% and a net margin of 9.57%.Advanced Micro Devices's quarterly revenue was up 31.7% compared to the same quarter last year. During the same period last year, the firm earned $0.69 EPS. Advanced Micro Devices has set its Q3 2025 guidance at EPS. On average, analysts predict that Advanced Micro Devices will post 3.87 EPS for the current year.

Advanced Micro Devices declared that its board has approved a stock repurchase plan on Wednesday, May 14th that permits the company to repurchase $6.00 billion in outstanding shares. This repurchase authorization permits the semiconductor manufacturer to buy up to 3.1% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company's management believes its shares are undervalued.

Advanced Micro Devices Company Profile

Advanced Micro Devices, Inc operates as a semiconductor company worldwide. It operates through Data Center, Client, Gaming, and Embedded segments. The company offers x86 microprocessors and graphics processing units (GPUs) as an accelerated processing unit, chipsets, data center, and professional GPUs; and embedded processors, and semi-custom system-on-chip (SoC) products, microprocessor and SoC development services and technology, data processing unites, field programmable gate arrays (FPGA), and adaptive SoC products.

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